It may have had the backing of one of the richest hedge fund magnates, but the California ballot initiative proposing the legalization of marijuana was rejected at the polls on Tuesday. George Soros, a longtime supporter of decriminalizing marijuana for recreational use, donated $1 million to support Proposition 19. That is a little less than [...]
UBS, the largest Swiss bank, said it has been in talks with “dozens” of proprietary traders worldwide who are considering setting up hedge funds as banks seek to comply with new U.S. rules aimed at curbing risk, Bloomberg News reported. “A lot of it is just talk and chatter, but there are very advanced discussions [...]
All the bizarre highlights (lowlights?) and moments from Anderson Cooper’s interview with Assistant Michigan Attorney General Andrew Shirvell, who is targetting a gay college teen named Chris Armstrong on his blog, including drawing swastikas on pictures of him, and Cooper’s interview with Michigan Attorney General Mike Cox. Among the hilarity, Shirvell repeatedly refers to “political campaigns,” although nobody involved in this situation is in a political campaign of any kind. Midweek Politics with David Pakman is a nationally syndicated talk radio and program. 24/7 Voicemail Line: (219)-2DAVIDP www.midweekpolitics.com http www.facebook.com www.twitter.com feeds.feedburner.com
Some of the most bizarre anti-gay moments during interview on Midweek Politics with: -Shirley Phelps-Roper, God Hates Fags Westboro Baptist Church -Peter LaBarbera -Paul Cameron -Glenn Miller -Terry Jones Support Midweek Politics. Subscribe today: www.midweekpolitics.com Midweek Politics with David Pakman is a nationally syndicated talk radio and program. 24/7 Voicemail Line: (219)-2DAVIDP www.midweekpolitics.com http www.facebook.com www.twitter.com feeds.feedburner.com
Goldman Sachs proprietary traders who created a hedge fund within the firm in 2007 have generated a return of about 3 percent this year, beating the industry average, Bloomberg News reported, citing people briefed on the gain. Goldman Sachs Investment Partners, composed of former employees of the principal-strategies team led by Raanan Agus and Kenneth [...]
The best-known — or, conversely, most infamous — investment bank proprietary trading desk is apparently on its way to being wound down. Goldman Sachs is closing its Principal Strategies group, which trades using the firm’s own money, Bloomberg News reported Friday, citing unnamed sources. The reason? The much-discussed “Volcker Rule,” which aims to limit banks’ [...]
Twitter
Facebook